<SEC-DOCUMENT>0001014897-13-000476.txt : 20140124
<SEC-HEADER>0001014897-13-000476.hdr.sgml : 20140124

<ACCEPTANCE-DATETIME>20131223122024

<PRIVATE-TO-PUBLIC>

ACCESSION NUMBER:		0001014897-13-000476

CONFORMED SUBMISSION TYPE:	10-K/A

PUBLIC DOCUMENT COUNT:		4

CONFORMED PERIOD OF REPORT:	20121231

FILED AS OF DATE:		20131223

DATE AS OF CHANGE:		20131230


FILER:


	COMPANY DATA:	

		COMPANY CONFORMED NAME:			Original Source Entertainment, Inc.

		CENTRAL INDEX KEY:			0001500198

		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]

		IRS NUMBER:				270863354

		STATE OF INCORPORATION:			NV

		FISCAL YEAR END:			1231



	FILING VALUES:

		FORM TYPE:		10-K/A

		SEC ACT:		1934 Act

		SEC FILE NUMBER:	000-54716

		FILM NUMBER:		131293890



	BUSINESS ADDRESS:	

		STREET 1:		8201 SOUTH SANTA FE DRIVE #229

		CITY:			LITTLETON

		STATE:			CO

		ZIP:			89108

		BUSINESS PHONE:		303-495-3728



	MAIL ADDRESS:	

		STREET 1:		8201 SOUTH SANTA FE DRIVE #229

		CITY:			LITTLETON

		STATE:			CO

		ZIP:			89108



</SEC-HEADER>

<DOCUMENT>
<TYPE>10-K/A
<SEQUENCE>1
<FILENAME>ose10k12am1v1.htm
<DESCRIPTION>FORM 10-K/A
<TEXT>
<HTML>
<head><title>Original Source Form 10-K/A</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:Times New Roman; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:576px> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>==UNITED STATES</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>SECURITIES AND EXCHANGE COMMISSION</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>WASHINGTON, D.C. 20549</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>FORM 10-K /A </p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">[X] &nbsp;15, ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES</p> <p style="FONT-SIZE:11pt; MARGIN:0px">EXCHANGE ACT OF 1934</p> <p style="FONT-SIZE:11pt; MARGIN:0px">For the fiscal year ended: December 31, 2012</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>OR</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">[ ] &nbsp;15, TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE</p> <p style="FONT-SIZE:11pt; MARGIN:0px">SECURITIES EXCHANGE ACT OF 1934</p> <p style="FONT-SIZE:11pt; MARGIN:0px">For the transition period from &nbsp;&nbsp;&nbsp;&nbsp;to</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Commission File Number: &nbsp;000-54716</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>ORIGINAL SOURCE ENTERTAINMENT, INC.</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Exact name of registrant as specified in its charter)</p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=245> <td width=101> <td width=148 /> </tr><tr> <td width=245 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>NEVADA</p></td> <td width=101 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=148 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>27-0863354</p></td></tr> <tr> <td width=245 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(State or other jurisdiction of incorporation or organization)</p></td> <td width=101 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=148 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(I.R.S. Employer Identification)</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>8201 South Santa Fe Drive #229, Littleton, CO 80120</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Address of principal executive offices, including zip code)</p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(303) 495-3728</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Registrant's telephone number, including area code)</p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px">Securities registered pursuant to Section&nbsp;12(b) of the Act:</p> <p style="FONT-SIZE:11pt; MARGIN:0px">None</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Securities Registered Pursuant to Section 12(g) of the Exchange Act:</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Common Stock, par value $0.001 per share</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>(Title of Class)</p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in 405 of the Securities Act. &nbsp;&nbsp;&nbsp;Yes [ ] &nbsp;&nbsp;No &nbsp;[x]</p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px">Indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange</p> <p style="FONT-SIZE:11pt; MARGIN:0px">Act. &nbsp;&nbsp;&nbsp;Yes &nbsp;[ ] &nbsp;&nbsp;&nbsp;No &nbsp;[x]</p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px">Indicate by check mark whether the registrant: (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12&nbsp;months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the past 90&nbsp;days. &nbsp;Yes &nbsp;[x] &nbsp;No&nbsp; [ ]<a name=pgbrk /><a name=ftr /><a name=glftr /><a name=pn /><a name=hdr /><a name=glhdr /></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>1</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Indicate by check mark if disclosure of delinquent filers pursuant to Item&nbsp;405 of Regulation&nbsp;S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part&nbsp;III of this Form&nbsp;10-K or any amendment to this Form&nbsp;10-K. &nbsp;&nbsp;&nbsp;&nbsp;[ ]</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). &nbsp;&nbsp;Yes [ ] &nbsp;&nbsp;No [ ] </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer,&nbsp;a non-accelerated filer, or a smaller reporting company. </p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=253> <td width=14> <td width=253 /> </tr><tr> <td width=253 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Large accelerated filer &nbsp;&nbsp;[ &nbsp;]</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=253 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Accelerated filer &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;]</p></td></tr> <tr> <td width=253 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Non-accelerated filer &nbsp;&nbsp;&nbsp;&nbsp;[ &nbsp;]</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=253 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Smaller Reporting Company &nbsp;[x]</p></td></tr></table> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;(Do not check if smaller reporting company) </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Indicate by check mark whether the registrant is a shell company (as defined in Rule&nbsp;12b-2 of the Exchange Act). &nbsp;&nbsp;&nbsp;Yes [ ] &nbsp;&nbsp;&nbsp;No &nbsp;[x]</p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px">State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant&#146;s most recently completed second fiscal quarter. <b>The market value of the registrant&#146;s voting $.001 par value common stock held by non-affiliates of the registrant was approximately $78,650.</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Indicate the number of shares outstanding of each of the registrant&#146;s classes of common stock, as of the latest practicable date. <b>The number of shares outstanding of the registrant's only class of common stock, as of March 18, 2013 was 5,073,000 shares of its $.001 par value common stock.</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>DOCUMENTS INCORPORATED BY REFERENCE</p> <p style="FONT-SIZE:11pt; MARGIN:0px">None</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center> Explanatory Note </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"> The sole purpose of this Amendment to the Registrant&#146;s Annual Report on Form 10-K for the year ended December 31, 2012 is to correct the internal control discussion. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"> No other changes have been made to the 10-K, and this Amendment has not been updated to reflect events occurring subsequent to the filing of the 10-K. </p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>2</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>TABLE OF CONTENTS</p> <p style=MARGIN:0px><br></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=542> <td width=14> <td width=50 /> </tr><tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><u>Page</u></p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Part I</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 1. &nbsp;Business</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>4</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 1A. Risk Factors</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>9</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 1B. &nbsp;Unresolved staff comments</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>10</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 2. &nbsp;Properties</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>10</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 3. &nbsp;Legal Proceedings</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>10</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 4. &nbsp;Mine Safety Disclosures</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>10</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Part II</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 5. &nbsp;Market for Registrant's Common Equity, Related Stockholders Matters and Issuer Purchases of Equity Securities</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>11</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 6. &nbsp;Selected Financial Data</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>12</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 7. &nbsp;Management's Discussion and Analysis of Financial Condition and Results of Operations</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>12</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 7A. &nbsp;Quantitative and Qualitative Disclosures about Market Risk</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>15</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 8. &nbsp;Financial Statements and Supplementary Data</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>16</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 9. &nbsp;Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>26</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 9A. &nbsp;Controls and Procedures</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>26</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 9B. &nbsp;Other Information</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>28</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Part III</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 10. &nbsp;Directors, Executive Officers and Corporate Governance</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>29</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 11. &nbsp;Executive Compensation</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>31</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 12. &nbsp;Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>33</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 13. &nbsp;Certain Relationships and Related Transactions, and Director Independence</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>33</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 14. &nbsp;Principal Accountant Fees and Services</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>34</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Part IV</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Item 15. &nbsp;Exhibits, Financial Statements Schedules</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>35</p></td></tr> <tr> <td width=542 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Signatures</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=50 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>37</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>3</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>PART I</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 1. BUSINESS</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We were incorporated under the laws of the State of Nevada on August 20, 2009. &nbsp;We are a development stage company, formed to license songs to the television and movie industry. &nbsp;From our inception to date, we have generated very little revenues, and our operations have been limited to organizational, start-up, and capital formation activities.</p> <p style="FONT-SIZE:12pt; MARGIN:0px">We currently have no employees other than our officers, who are also our directors.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We have never declared bankruptcy, have never been in receivership, and have never been involved in any legal action or proceedings. We have not made any significant purchase or sale of assets, nor has the registrant been involved in any mergers, acquisitions or consolidations. &nbsp;We are not a blank check registrant as that term is defined in Rule 419(a)(2) of Regulation C of the Securities Act of 1933, because we have a specific business plan and purpose. Neither the registrant, nor its officers, directors, promoters or affiliates, has had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements or understandings with any representatives of the owners of any business or company regarding the possibility of an acquisition or merger.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">License and Assignment Agreement. &nbsp;&nbsp;In 2000, Lecia L. Walker assisted in launching Private Wavs, a successful music library which licenses music to television and film, along with her husband at that time. Part of her roll in that endeavor was to do the market research, product and packaging design, sales and marketing. &nbsp;In 2007, she sold her interest in Private Wavs and in 2008, started a new music library under a DBA of Original Source Music, Inc. &nbsp;Since that time she has placed more than 1,100 songs under contract.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">On August 21, 2009, Ms. Walker granted a license for a period of ten (10) years for the entire list of songs to the registrant under a License and Assignment Agreement. &nbsp;Pursuant to the License and Assignment Agreement, Ms. Walker was issued 3,000,000 common shares of the registrant</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Ms. Walker is now an officer and director of the registrant, bringing her experience to the registrant, and intends to continue to place many new songs under contract and then to license those songs to the television and movie industry.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>4</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">Convertible Promissory Note. &nbsp;On June 28, 2010, the registrant entered into a Convertible Promissory Note for an amount of $2,000 with American Business Services, Inc., a Colorado corporation, an unaffiliated entity. &nbsp;The promissory note is convertible into common stock of the registrant at 50% of the bid price of the stock at the time of conversion, if the stock is quoted on an exchange, or, if the stock is not quoted on an exchange, at double the par value of the stock. &nbsp;This could result in as much as an additional dilution of 1,000,000 shares of stock, if the note was converted prior to the stock being quoted on an exchange.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Operations</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We review hundreds of music tracks written, produced, and performed by artists who have not already signed away their rights to their original works, then to contract those songs with the highest quality and potential for placement in television and film. &nbsp;The registrant intends to offer a wide variety of instrumental and vocal genres including pop, rock, R&amp;B, jazz, country, singer/songwriter, new age, electronic, dance, funk, children's, adult contemporary, and more.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We contract with artists of all musical genres who own the publishing rights to their songs. We expect to sell the songs to television companies that produce shows for major television networks. &nbsp;We have signed contracts with approximately 217 artist/composers. &nbsp;The contracts give the registrant non-exclusive licensing rights and publishing rights in perpetuity. &nbsp;The artists retain writer's rights and are given exposure to television and film through the registrant's catalog.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Artists are referred to the registrant through advertisement, A&amp;R companies, and referrals from friends, registrant signed artists, and other music industry acquaintances</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Current customers include the CBS, NBC and Warner Bros. television networks in Los Angeles, California (the home networks, not the local affiliates). &nbsp;Warner Bros. generates approximately 90% of our revenues, NBC generates approximately 5% of our revenues, and CBS generates approximately 5% of our revenues. &nbsp;A major production company whose name is proprietary has assisted in placing our music in these major networks and their efforts account for approximately 80% of the revenue received from those major networks. &nbsp;An independent film maker whose name is also proprietary has generated no revenues for us at this time, but has accounts payable currently due to us in the amount of $2,000. &nbsp;These stated figures include the royalties generated through public airing of productions containing our music which are paid through the performing rights organizations discussed in this prospectus. &nbsp;Our target customer includes all other major and minor television networks, production companies and film makers. &nbsp;We intend to reach such customer bases through marketing, advertising, and direct sales calls.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>5</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">Our website's main purpose is to provide customers with immediate access to the registrant's catalog. To prevent illegal art exploitation, customers must have a login and password to access the registrant's website. &nbsp;Customers are given access to the website only after verification of their role in the professional production industry.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We intend to:</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;- &nbsp;Advertise through the placement of advertisements in film, television and music industry magazines and on film, television and music industry websites</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;- Market and promote the catalog by sending out regular e-mails and snail-mails highlighting particular artists, songs, or genres of music, and send out promotional products to promote branding and</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;- Create a sales team through the hiring of salespeople to research, contact and develop service relationships with new customers.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Typical initial revenues per use in a production varies from $500 to $5,000 or more depending on the potential exposure and audience reach. Royalty revenues have the same value range for the first public airing and are reduced for each re-run, but continue for every public airing forever.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We believe we will be able to attract recording artists to our development stage company as artists want public exposure for their original works and payment for that exposure, which we offer the potential of providing at no cost to the artist. &nbsp;We have already attracted many artists and continue receiving requests for song consideration regularly.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We intend to focus on the source music niche of music licensing, but provide music for background, and transitional uses as well. &nbsp;The source music niche is music that is coming from a source in the production and is heard by the characters in the production; such as music being played in a coffee house that the characters are in, or music being played on a radio in the production. &nbsp;Currently the registrant has more than 1,100 songs available for licensing, and is in the process of signing several hundred more songs to be added to the catalog in the near future and will soon be made available for television and film applications. &nbsp;All genres of music are considered for addition to our catalog with a focus on vocal tracks. &nbsp;Signing new songs is a process which involves artist relations such as discussing the contract with the artist, and familiarizing the artist with royalties, performing rights organizations, and rights to their art. It also involves reviewing the songs submitted by the artist, deciding which songs to contract, making a contract offer to the artist, preparing, sending &amp; signing the contracts, obtaining specific descriptions and details of the songs from the artists, converting the songs into a variety of digital formats and cataloguing the songs with the appropriate performing rights organization and the registrant's music catalog.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>6</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">The customer has access to these songs in a variety of ways including logging into our website at www.originalsourcemusic.com where they may search for several songs that are appropriate for their needs and download them directly into their production editing program.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Growth Strategy</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We will be focusing on the addition of cues and transitional music for commercials and television programming transitions, something its major competitors do not seem to do at present. &nbsp;Cues and transitional music is instrumental music that is played when commercials segue into and out of a program. &nbsp;Television programming transitions are the programming that transitions one show into another show or into or out of a commercial. &nbsp;By becoming more established in the source music niche, our company will be well known by key decision makers in the purchasing and licensing departments employed by our customers. &nbsp;By fostering such relationships and because we have established vendor accounts with our customers, theses decision makers may readily approve potential licenses in other areas of music placement such as cues and transitional music. &nbsp;Once we gain access to this market, our sales force will begin to target potential customers such as news programs, weather programs, and advertising agencies.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We intend to enter that market as soon as possible. &nbsp;We intend to examine signing genres of music that are in demand by potential customers but are not available from its competitors at present. &nbsp;We will also examine the creation of a recording label to give the general public access to purchasing the songs in its catalog.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Additionally, we began to heavily market our catalog in June 2011 in preparation for the fall television season utilizing the proceeds from this offering or loans from Lecia Walker, an officer and director. &nbsp;We have thus far spent $2,700 on advertising.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Revenue</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The registrant receives revenues in two ways:</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;1. Commercial productions pay licensing fees to place a track into their production.</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;2. The registrant owns the publishing rights to all of its songs, and when a production containing a track licensed from the registrant is aired through a public venue, royalties are paid to the registrant by the assigned performing rights organization, such as American Society of Authors and Composers, the Broadcast Music, Inc. or Society of European Stage Authors &amp; Composers. &nbsp;These three performing rights organizations represent songwriters and publishers in the U.S. and their right to be compensated for having their music performed in public.</p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>7</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">We do not anticipate that revenues will significantly increase until we are able to heavily market our catalog. &nbsp;If we are unable to raise the funds needed, Ms. Walker, an officer and director has verbally agreed to lend the necessary funds to move forward with the marketing and promotion. &nbsp;These monies shall be provided as her personal budget allows, considering each marketing or promotional activity individually. &nbsp;These loans shall be without interest and shall have no specific repayment date. &nbsp;Any amounts loaned will be repaid when revenues allow, if ever.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Competition</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The music industry is intensely competitive and fragmented. &nbsp;We will compete on the basis of price and selection against other small companies like ours, as well as large companies that have a similar business and large marketing companies.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Some of our major competitors are:</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Heavy Hitters Music: Heavy Hitters Music has been in the music licensing business for over 30 years and seems to be the pioneer of the source music niche. &nbsp;Their website boasts a catalog of over 8,500 music tracks. &nbsp;In 2007, former CBS TV executive, Cindy Slaughter, and her husband, Mark purchased Heavy Hitters.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">MasterSource: Mastersource became the first real source music competitor for Heavy Hitters when it was formed in 1992 by Marc Ferrari. MasterSource seems to be the first and only competitor with tracks available to the general public.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Killer Tracks: Killer Tracks has been in business for twenty years according to their website. They boast 2000 CDs of music available, yet only a small fraction includes source music. They specialize in background, score, special FX and studio music.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">J2R Music: J2R Music has a variety of source music for licensing to television and film.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Free Play Music: Free Play Music has a large variety of production music, and a growing number of source music tracks. &nbsp;Although their name indicates the music is free, it is not free for commercial use.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Sync Free Music: Sync Free Music has a large variety of production music, and a growing number of source music tracks. &nbsp;Although their name indicates the music is free, it is not free for commercial use.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">License Jazz: License Jazz is a new company targeting commercial jazz music needs.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Pump Audio: Pump Audio started in 2001 and has some source music, but specializes in production and transition music.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>8</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px"><u>Patents and Trademarks</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The registrant does not, at this time, have any patents or trademarks. &nbsp;However, the registrant intends to trademark certain logos which the registrant will be using.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Governmental Regulations</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The business of the registrant does not fall under any government regulations.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Employees</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">At this time, we have no employees other than our executive officers, who are also our directors. &nbsp;All functions including development, strategy, negotiations and administration are currently being provided by our executive officers. &nbsp;The executive officers do not intend to accept any payment for their services from the receipts of this offering.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">As the registrant grows, we may need additional employees for such operations. We do not foresee any significant changes in the number of employees or consultants we will have over the next twelve months.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Reports to Security Holders</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We intend to become a fully reporting company under the requirements of the Exchange Act, and will file the necessary quarterly and other reports with the Securities and Exchange Commission. &nbsp;Although we will not be required to deliver our annual or quarterly reports to security holders, we intend to forward this information to security holders upon receiving a written request to receive such information. &nbsp;The reports and other information filed by us will be available for inspection and copying at the public reference facilities of the Securities and Exchange Commission located at 100 F Street N.E., Washington, D.C. 20549.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Copies of such material may be obtained by mail from the Public Reference Section of the Securities and Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates. &nbsp;Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330. &nbsp;In addition, the Commission maintains a World Wide Website on the Internet at: <u>http://www.sec.gov</u> that contains reports, proxy and information statements and other information regarding registrants that file electronically with the Securities and Exchange Commission.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 1A. &nbsp;RISK FACTORS</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not applicable to a smaller reporting company.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>9</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">ITEM 1B. &nbsp;UNRESOLVED STAFF COMMENTS</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not applicable.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 2. PROPERTIES</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The registrant executive offices consists of 400 square feet and are located at 8201 South Santa Fe Drive, Suite 229, Littleton, Colorado, 80120, in space presently leased by the registrant's officers supplied at no charge to the registrant. &nbsp;The registrant believes that its current office space will be adequate for the foreseeable future. &nbsp;We have no plans to lease additional space in the next twelve months.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The address of our principal executive office is c/o Ms. Lecia L. Walker, Original Source Music, Inc. &nbsp;8201 South Santa Fe Drive, Suite 229, Littleton, Colorado 80120. &nbsp;Our telephone number is (303) 495-3728.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 3. LEGAL PROCEEDINGS</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">There is no litigation pending or threatened by or against Original Source.<a name=FIS_VOTING_MATTERS /></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 4. &nbsp;&nbsp;MINE SAFETY DISCLOSURES.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not applicable</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>10</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>PART II</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 5. MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">a) Market Information. &nbsp;There has been no trading market for Original Source's Common Stock since inception. There can be no assurance that a trading market will ever develop or, if such a market does develop, that it will continue.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Holders. &nbsp;There were approximately 34 record holders of Original Source's common stock as of March 18, 2013.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Dividends. &nbsp;Holders of the registrant's common stock are entitled to receive such dividends as may be declared by its board of directors. &nbsp;No dividends on the registrant's common stock have ever been paid, and the registrant does not anticipate that dividends will be paid on its common stock in the foreseeable future.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Securities authorized for issuance under equity compensation plans. No securities are authorized for issuance by the registrant under equity compensation plans.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;Performance graph. Not applicable.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;Sale of unregistered securities. None.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">b) Use of Proceeds. Not applicable.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">c) Purchases of Equity Securities by the issuers and affiliated purchasers. &nbsp;None.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">d) &nbsp;Securities authorized for issuance under equity compensation plans. No securities are authorized for issuance by the registrant under equity compensation plans. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">e) &nbsp;Performance graph. &nbsp;</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not applicable. &nbsp;</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">f) &nbsp;Sale of unregistered securities. &nbsp;</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not applicable</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Item 5(b) &nbsp;Use of Proceeds. &nbsp;</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not applicable.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Item 5(c) Purchases of Equity Securities by the issuer and affiliated purchasers. &nbsp;</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=justify>Not applicable</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>11</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">ITEM 6. &nbsp;SELECTED FINANCIAL DATA</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not applicable to a smaller reporting company.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 7. MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Forward-looking Statements</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Statements in this Management&#146;s Discussion and Analysis of Financial Condition and Results of Operation, as well as in certain other parts of this Annual report on Form 10-K (as well as information included in oral statements or other written statements made or to be made by Original Source) that look forward in time, are forward-looking statements made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, expectations, predictions, and assumptions and other statements which are other than statements of historical facts. Although Original Source believes such forward-looking statements are reasonable, it can give no assurance that any forward-looking statements will prove to be correct. Such forward-looking statements are subject to, and are qualified by, known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied by those statements. These risks, uncertainties and other factors include, but are not limited to Original Source&#146;s ability to estimate the impact of competition and of industry consolidation and risks, uncertainties and other factors set forth in Original Source&#146;s filings with the Securities and Exchange Commission, including without limitation to this Annual Report on Form 10-K.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Original Source undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this Form 10-K.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Critical Accounting Policies</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The following discussion as well as disclosures included elsewhere in this Form 10-K are based upon our audited financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. &nbsp;These financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America. </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>12</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">The preparation of these financial statements requires management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingencies. &nbsp;Original Source continually evaluates the accounting policies and estimates used to prepare the financial statements. &nbsp;Original Source bases its estimates on historical experiences and assumptions believed to be reasonable under current facts and circumstances. Actual amounts and results could differ from these estimates made by management.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Trends and Uncertainties</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">There are no material commitments for capital expenditure at this time. &nbsp;There are no trends, events or uncertainties that have had or are reasonably expected to have a material impact on our limited operations. There are no known causes for any material changes from period to period in one or more line items of Original Source&#146;s financial statements.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Liquidity and Capital Resources</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">At December 31, 2012, Original Source had a cash balance of $1,118, which is a $12,733 decrease from the $13,851 balance at December 31, 2011. &nbsp;This decrease is a result of increased current notes payable.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">For the period from Inception (August 20, 2009) through December 31, 2012, we did not pursue any investing activities.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">For the year ended December 31, 2012, we received $1,000 from notes payable &#150; borrowings. &nbsp;As a result, we had net cash provided by financing activities of $1,000 for the year ended December 31, 2012.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">For the year ended December 31, 2011, we received $3,500 from notes payable &#150; borrowings and $28,650 from sale of common stock. &nbsp;As a result, we had net cash provided by financing activities of $32,150 for the year ended December 31, 2011.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">For the period from Inception (August 20, 2009) through December 31, 2012, we received $17,000 from notes payable &#150; borrowings and $30,150 from the sale of common stock. &nbsp;As a result, we had net cash provided by financing activities of $47,150 for the period from Inception (August 20, 2009) through December 31, 2012.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, Original Source has incurred losses of $13,960 and $27,604 for the years ended December 31, 2012 and 2011, respectively, and a working capital deficiency which raises substantial doubt about the Company&#146;s ability to continue as a going concern. </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>13</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">Management believes the Company will continue to incur losses and negative cash flows from operating activities for the foreseeable future and will need additional equity or debt financing to sustain its operations until it can achieve profitability and positive cash flows, if ever. Management plans to seek additional debt and/or equity financing for the Company, but cannot assure that such financing will be available on acceptable terms. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The Company&#146;s continuation as a going concern is dependent upon its ability to ultimately attain profitable operations, generate sufficient cash flow to meet its obligations, and obtain additional financing as may be required. Our auditors have included a &#147;going concern&#148; qualification in their auditors&#146; report dated March 2, 2013. Such a &#147;going concern&#148; qualification may make it more difficult for us to raise funds when needed. The outcome of this uncertainty cannot be assured.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. There can be no assurance that management will be successful in implementing its business plan or that the successful implementation of such business plan will actually improve Original Source&#146;s operating results.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Results of Operations for the Year Ended December 31, 2012 compared to the Year Ended December 31, 2011.</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Original Source incurred a net loss of 13,960 in 2012 compared to a net loss of $27,428 in 2011. General and administrative expenses were $14,654 in 2012 compared to $30,688 in 2011, a decrease of $14,034.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">For the year ended December 31, 2012, we had a net loss of 13,960 during the development stage. &nbsp;We received $227 from accrued payables, resulting in net cash used for operating activities of $13,733 for the year ended December 31, 2012. &nbsp;Comparatively, for the year ended December 31, 2011, we had a net loss of $27,604 during the development stage. &nbsp;We received $176 from accrued payables, resulting in net cash used for operating activities of $27,428 for the year ended December 31, 2011.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">For the period from Inception (August 20, 2009) through December 31, 2012, we had net losses of $50,387. &nbsp;We had related party payables of $952, accrued payables of $403, and compensatory stock issuances of $3,000, resulting in a net loss of $46,032 for the period from Inception (August 20, 2009) through December 31, 2012.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">General and administrative expenses, which consist of fees paid for legal, accounting, and auditing services, were incurred primarily to enable Original Source to satisfy the requirements of a reporting company. </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>14</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px"><u>Recently Issued Accounting Standards</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Management does not believe that any other recently issued, but not yet effective, accounting standard if currently adopted would have a material effect on the accompanying financial statements.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Off Balance Sheet Arrangements</p> <p style="FONT-SIZE:12pt; MARGIN:0px">None. &nbsp;</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Disclosure of Contractual Obligations</p> <p style="FONT-SIZE:12pt; MARGIN:0px">None.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 7A. &nbsp;QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Not Applicable.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>15</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Original Source Entertainment, Inc.</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Index to</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Financial Statements</p> <p style=MARGIN:0px><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=408> <td width=21> <td width=64 /> </tr><tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><u>Page</u></p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Report of Independent Registered Public Accounting Firm</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>17</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Consolidated Balance Sheets</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>18</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Consolidated Statements of Operations</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>19</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Consolidated Statement of Changes in Stockholders' Equity</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>20</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Consolidated Statements of Cash Flows</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>21</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=408 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Notes to Financial Statements</p></td> <td width=21 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=64 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>22</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>16</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>RONALD R. CHADWICK, P.C.</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Certified Public Accountant</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>2851 South Parker Road, Suite 720</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Aurora, Colorado &nbsp;80014</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Telephone (303)306-1967</p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>Fax (303)306-1944</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Board of Directors</p> <p style="FONT-SIZE:11pt; MARGIN:0px">Original Source Entertainment, Inc. </p> <p style="FONT-SIZE:11pt; MARGIN:0px">Littleton, Colorado</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">I have audited the accompanying consolidated balance sheets of Original Source Entertainment, Inc. (a development stage company) as of December 31, 2011 and 2012, and the related consolidated &nbsp;statements of operations, stockholders' equity, and cash flows for the years then ended, and for the period from August 20, 2009 (inception) through December 31, 2012. These financial statements are the responsibility of the Company's management. My responsibility is to express an opinion on these financial statements based on my audit. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">I conducted my audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">In my opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Original Source Entertainment, Inc. at December 31, 2011 and 2012, and the consolidated results of its operations and its cash flows for the years then ended, and for the period from August 20, 2009 (inception) through December 31, 2012 in conformity with accounting principles generally accepted in the United States of America.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has suffered a loss from operations and has limited working capital. These conditions raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:384px; FLOAT:left; MARGIN-TOP:0px">Aurora, Colorado</p> <p style="FONT-SIZE:11pt; FONT-FAMILY:Brush Script MT,Times New Roman; MARGIN:0px; TEXT-INDENT:-2px" align=justify>Ronald R. Chadwick, P.C.</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:192px; FLOAT:left; CLEAR:left; MARGIN-TOP:0px">March 2, 2013</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:48px; FLOAT:left; MARGIN-TOP:0px">&nbsp;&nbsp;&nbsp;</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:11pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px" /> <p style="FONT-SIZE:11pt; MARGIN:0px; TEXT-INDENT:-2px" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RONALD R. CHADWICK, P.C.</p> <p style="CLEAR:left; MARGIN:0px" align=center><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>17</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>Original Source Entertainment, Inc.</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>(A Developmental Stage Company)</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Consolidated Balance Sheets</b></p> <p style=MARGIN:0px align=center><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=355> <td width=108> <td width=108 /> </tr><tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Dec. 31, 2011</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Dec. 31, 2012</b></p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:16pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;ASSETS</b></p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;Current assets</b></p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;Cash</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,851 </p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,118 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;&nbsp;&nbsp;Total current assets</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,851 </p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,118 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;&nbsp;&nbsp;Total Assets</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,851 </p></td> <td width=108 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,118 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=463 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;LIABILITIES &amp; STOCKHOLDERS' EQUITY</b></p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;Current liabilities</b></p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Related party payables</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952 </p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest payable</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176 </p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Notes payable - current</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,500 </p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,000 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Total current liabilities</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,628 </p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,355 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Notes payable</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,500 </p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,128 </p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,355 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;Stockholders' Equity</b></p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $.001 par value; 5,000,000 shares authorized; none issued and outstanding</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $.001 par value; 45,000,000 shares authorized; 5,073,000 shares issued and outstanding</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,073 </p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,073 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Additional paid in capital</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,077 </p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,077 </p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Deficit accumulated during the dev. stage</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36,427)</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50,387)</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' Equity</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,277)</p></td> <td width=108 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,237)</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=108 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=355 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities and Stockholders' Equity</b></p></td> <td width=108 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,851 </p></td> <td width=108 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,118 </p></td></tr></table> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>The accompanying notes are an integral part of the consolidated financial statements.</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>18</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>Original Source Entertainment, Inc.</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>(A Developmental Stage Company)</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Consolidated Statements of Operations</b></p> <p style=MARGIN:0px align=center><br></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=271> <td width=12> <td width=102> <td width=102> <td width=4> <td width=98> <td width=16 /> </tr><tr> <td width=283 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Year Ended Dec. 31, 2011</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Year Ended Dec. 31, 2012</b></p></td> <td width=118 colspan=3 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Aug. 20, 2009 (Inception) Though Dec. 31, 2012</b></p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Revenues</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,398 </p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921 </p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,884 </p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Cost of sales</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,138 </p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,138 </p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Gross profit</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,260 </p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921 </p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,746 </p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Operating expenses:</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,688 </p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,654 </p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,730 </p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,688 </p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,654 </p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,730 </p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Gain (loss) from operations</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,428)</p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,733)</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49,984)</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Other income (expense):</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(176)</p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(227)</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403)</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Income (loss) before provision for income taxes</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,604)</p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,960)</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50,387)</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Provision for income tax</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Net income (loss)</b></p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,604)</p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,960)</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50,387)</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Net income (loss) per share</b></p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">(Basic and fully diluted)</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.01)</p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.00)</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=107 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=271 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px">Weighted average number of common shares outstanding</p></td> <td width=114 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,643,250 </p></td> <td width=107 colspan=2 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:11pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,073,000 </p></td> <td width=114 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:11pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>The accompanying notes are an integral part of the consolidated financial statements.</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>19</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>Original Source Entertainment, Inc.</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>(A Developmental Stage Company)</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Consolidated Statements of Stockholders' Equity</b></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=151> <td width=73> <td width=69> <td width=69> <td width=69> <td width=60> <td width=93> <td width=93 /> </tr><tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Common Stock Shares &nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Common Stock Amount ($.001 Par)</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Preferred Stock Shares </p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Preferred Stock Amount ($.001 Par)</p></td> <td width=60 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Paid In Capital</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Deficit Accumulated During the Development Stage</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=center>Stockholders' Equity</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Balances at August 20, 2009</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Common stock issued to founders for services</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;3,000,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,000 </p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Common stock issued for cash</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;1,000,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000 </p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Net income (loss) for the period </p></td> <td width=73 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=60 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,779)</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,779)</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Balances at December 31, 2009</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;4,000,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,779)</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;1,221 </p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Common stock issued for cash</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 </p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Net income (loss) for the year </p></td> <td width=73 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=60 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,044)</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,044)</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Balances at December 31, 2010</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;4,500,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,500 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,823)</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;(4,323)</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Common stock issued for cash</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;28,077 </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,650 </p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Net income (loss) for the year </p></td> <td width=73 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=60 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,604)</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;(27,604)</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Balances at December 31, 2011</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;5,073,000 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,073 </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ 28,077 </p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;(36,427)</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;(3,277)</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Net income (loss) for the year </p></td> <td width=73 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=69 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=60 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,960)</p></td> <td width=93 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;(13,960)</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=73 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=69 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=60 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=93 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=151 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px">Balances at December 31, 2012</p></td> <td width=73 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;5,073,000 </p></td> <td width=69 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,073 </p></td> <td width=69 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=69 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=60 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ 28,077 </p></td> <td width=93 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;(50,387)</p></td> <td width=93 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style="FONT-SIZE:9pt; MARGIN:0px" align=right>&nbsp;$(17,237)</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>The accompanying notes are an integral part of the consolidated financial statements.</p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>20</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>Original Source Entertainment, Inc.</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>(A Developmental Stage Company)</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Consolidated Statements of Cash Flows</b></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=295> <td width=102> <td width=102> <td width=102 /> </tr><tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center><b>Year Ended Dec. 31, 2011</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center><b>Year Ended Dec. 31, 2012</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=center><b>Aug. 20, 2009 (Inception) Through Dec. 31, 2012</b></p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><b>Cash Flows From Operating Activities:</b></p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) during the development stage</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,604)</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,960)</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50,387)</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash provided by (used for) operating activities:</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Related party payables</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;952 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued payables</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176 </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227 </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensatory stock issuances</p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,000 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Net cash provided by (used for) operating activities</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,428)</p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,733)</p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46,032)</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><b>Cash Flows From Investing Activities:</b></p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Net cash provided by (used for) investing activities</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><b>Cash Flows From Financing Activities:</b></p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable - borrowings</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,500 </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000 </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,000 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sale of common stock</p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,650 </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30,150 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Net cash provided by (used for) financing activities</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,150 </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000 </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,150 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><b>Net Increase (Decrease) In Cash</b></p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,722 </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12,733)</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,118 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><b>Cash At The Beginning Of The Period</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,129 </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,851 </p></td> <td width=102 style="BORDER-BOTTOM:#000000 1px solid; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><b>Cash At The End Of The Period</b></p></td> <td width=102 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,851 </p></td> <td width=102 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,118 </p></td> <td width=102 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,118 </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><u>Schedule Of Non-Cash Investing And Financing Activities</u></p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>None</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><u>Supplemental Disclosure</u></p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Cash paid for interest</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr> <tr> <td width=295 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Cash paid for income taxes</p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td> <td width=102 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=right>&nbsp;$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center>The accompanying notes are an integral part of the consolidated financial statements.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>21</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center><b>Original Source Entertainment, Inc. </b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>(A Developmental Stage Company)</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>Notes to Consolidated Financial Statements</b></p> <p style="FONT-SIZE:11pt; MARGIN:0px" align=center><b>December 31, 2011 and 2012 </b></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Note 1 &#151; Organization and Summary of Significant Accounting Policies</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Organization</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Original Source Entertainment, Inc. (the &#147;Company&#148;) was incorporated on August 20, 2009 in the State of Nevada. &nbsp;The Company has had limited activity and revenue and is in the development stage, and its intent is to license songs to the television and music industry for use in television shows or movies.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company has chosen December 31 as a year end. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Basis of Presentation</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has suffered losses and has limited working capital. These conditions raise substantial doubt as to the Company&#146;s ability to continue as a going concern. The Company may raise additional capital through the sale of its equity securities, through borrowing from individuals, or through borrowings from financial institutions. By doing so, the Company hopes, through increased marketing efforts, to generate greater royalty revenues from licensed songs. Management believes that actions presently being taken to obtain additional funding provide the opportunity for the Company to continue as a going concern.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><b>Principles of consolidation</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The accompanying consolidated financial statements include the accounts of Original Source Entertainment, Inc. and its wholly owned subsidiary. All intercompany accounts and transactions have been eliminated in<font style=FONT-SIZE:12pt> </font>consolidation.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Use of estimates</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements. The Company bases its estimates on historical experience, management expectations for future performance, and other assumptions as appropriate. Key areas affected by estimates include the assessment of the recoverability of long-lived assets, which is based on such factors as estimated future cash flows. The Company re-evaluates its estimates on an ongoing basis. Actual results may vary from those estimates.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Cash and cash equivalents</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">All cash and short-term investments with original maturities of three months or less are considered cash and cash equivalents, since they are readily convertible to cash. These short-term investments are stated at cost, which approximates fair value.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>22</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px"><b>Property and equipment</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company has no property or equipment at this time.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Revenue Recognition </b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company utilizes the accrual method of accounting.&nbsp;&nbsp;For revenue from product sales, the Company recognizes revenue in accordance with Staff Accounting Bulletin No. 104, &#147;Revenue Recognition&#148; (SAB No. 104), which superseded Staff Accounting Bulletin No. 101, &#147;Revenue Recognition in Financial Statements&#148; (SAB No. 101).&nbsp;&nbsp;SAB No. 104 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured.&nbsp;&nbsp;Determination of criteria (3) and (4) are based on management&#146;s judgment regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts.&nbsp;&nbsp;Provisions for discounts and rebates to customers, estimated returns and allowance, and other adjustments will be provided for in the same period the related sales are recorded. &nbsp;Customers' prepayments are deferred until products are shipped and accepted by the customers.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Advertising expenses</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Advertising costs are expensed when incurred. The Company&#146;s marketing and advertising costs for 2011 and 2012 were $2,700 and $96.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Income taxes</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Income taxes are accounted for in accordance with ASC 740<i>, </i>using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. &nbsp;The Company is currently filing its income tax returns on the cash basis. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Earnings (loss) per share</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company's preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Financial Instruments</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The carrying value of the Company&#146;s financial instruments as reported in the accompanying balance sheets,<font style=FONT-SIZE:12pt> </font>approximates fair value. </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>23</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px"><b>Products and services, geographic areas and major customers</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company derives revenue from the licensing of songs to the television and music industry. It currently has no separate operating segments. The Company's sales are external and domestic.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Stock based compensation</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Note 2 &#151; Notes payable</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">At December 31, 2011 and 2012 the Company had notes payable totaling $16,000 and $17,000. One note with a balance at end 2011 and 2012 of $1,500 is due to a related party shareholder, is unsecured, bears no interest until June 1, 2011 and 6% compounded monthly thereafter, with principal and interest due in full at June 1, 2012. Two notes with balances at end 2011 and 2012 of $12,500 and $13,500 are due to a related party shareholder, are unsecured, bear no interest until December 31, 2012 and 6% compounded monthly thereafter, with principal and interest due in full at December 31, 2013. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company&#146;s other note with a balance at end 2011 and 2012 of $2,000 is unsecured, bears no interest until December 31, 2010 and 6% compounded monthly thereafter, with principal and interest due in full at June 28, 2011. The principal balance on the note is convertible anytime at the holder&#146;s discretion into common shares of the Company at 50% of the lowest bid price of the Company&#146;s common stock if quoted on an exchange, or if not quoted, at double the par value.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Accrued interest payable under all notes at end 2011 and 2012 was $176 and $403, with interest expense in 2011 and 2012 of $176 and $403.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The future principal repayment schedule by year for all notes combined is: Presently due $3,500, 2013 $13,500. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><b>Note 3 &#150; Income Taxes</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">At December 31, 2011 and 2012 the Company had net operating loss carryforwards of approximately $36,300 and $50,200 which will expire in 2029. The deferred tax asset of $7,257 and $10,049 created by the net operating losses has been offset by a 100% valuation allowance. The change in the valuation allowance in 2011 and 2012 was $5,521 and $2,792.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>24</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; PAGE-BREAK-BEFORE:always; MARGIN:0px"><b>Note 4 &#150; Stockholders&#146; Equity</b></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><u>Common Stock</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company as of December 31, 2011 and 2012 had 45,000,000 shares of authorized common stock, $.001 par value, with 5,073,000 shares issued and outstanding. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px"><u>Preferred Stock</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:11pt; MARGIN:0px">The Company as of December 31, 2011 and 2012 had 5,000,000 shares of authorized preferred stock, $.001 par value, none issued and outstanding, with rights, preferences and designations to be determined by the Board of Directors. </p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>25</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">None.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 9A. CONTROLS AND PROCEDURES</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">During the year ended December 31, 2012, there were no changes in our internal controls over financial reporting (as defined in Rule 13a- 15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; FONT-FAMILY:Times,Times New Roman; MARGIN:0px">Evaluation of Disclosure Controls and Procedures</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; FONT-FAMILY:Times,Times New Roman; MARGIN:0px">Under the supervision and with the participation of our management, including our chief executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of December 31, 2012. &nbsp;Based on this evaluation, our chief executive officer and principal financial officers have concluded such controls and procedures to be ineffective as of December 31, 2012 to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms and to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuer's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> Management&#146;s Annual Report on Internal Control over Financial Reporting: </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is the process designed by and under the supervision of our CEO and CFO, or the persons performing similar functions, to provide reasonable assurance regarding the reliability of our financial reporting and the preparation of our financial statements for external reporting in accordance with accounting principles generally accepted in the United States of America. &nbsp;Management has evaluated the effectiveness of our internal control over financial reporting using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control over Financial Reporting &#150; Guidance for Smaller Public Companies. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> Under the supervision and with the participation of our CEO and CFO, or the persons performing similar functions, our management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2012, and concluded that it is not effective because of the material weakness described below: </p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>26</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> In connection with the preparation of our financial statements for the year ended December 31, 2012, due to resource contraints, material weaknesses became evident to management regarding our inability to generate all the necessary disclosure for inclusion in our filings with the Securities and Exchanges Commission due to the lack of resources and segregation of duties. &nbsp;A material weakness is a significant deficiency in one or more of the internal control components that alone or in the aggregate precludes our internal controls from reducing to an appropriately low level the risk that material misstatements in our consolidated financial statements will not be prevented or detected on a timely basis. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> We will aggressively recruit experienced professionals to ensure that we include all necessary disclosure in our filings with the Securities and Exchange Commission. &nbsp;Although we believe that this corrective step will enable management to conclude that the internal controls over our financial reporting are effective when the staff is trained, we cannot assure you that these steps will be sufficient. &nbsp;We may be required to expend additional resources to identify, assess and correct any additional weaknesses in internal control. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. &nbsp;Management&#146;s report was not subject to attestation by the registrant&#146;s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the registrant to provide only management&#146;s report in this annual report. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> Evaluation of Changes in Internal Control over Financial Reporting: </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> Under the supervision and with the participation of our CEO and CFO, or those persons performing similar functions, our management has evaluated changes in our internal controls over financial reporting that occurred during the fourth quarter of 2012. &nbsp;Based on that evaluation, our CEO and CFO, or those persons performing similar functions, did not identify any change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> Important Considerations: </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"> The effectiveness of our disclosure controls and procedures and our internal control over financial reporting is subject to various inherent limitations, including cost limitations, judgments used in decision making, assumptions about the likelihood of future events, the soundness of our systems, the possibility of human error, and the risk of fraud. Moreover, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions and the </p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>27</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px"> risk that the degree of compliance with policies or procedures may deteriorate over time. Because of these limitations, there can be no assurance that any system of disclosure controls and procedures or internal control over financial reporting will be successful in preventing all errors or fraud or in making all material information known in a timely manner to the appropriate levels of management. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 9B. Other Information</p> <p style="FONT-SIZE:12pt; MARGIN:0px">None.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=center><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>28</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px" align=center>PART III</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS, CONTROL PERSONS, AND CORPORATE GOVERNANCE</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;</p> <p style="FONT-SIZE:12pt; MARGIN:0px">(a) Identity of Officers and Directors</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Our bylaws provide that the number of directors who shall constitute the whole board shall be such number as the board of directors shall at the time have designated. &nbsp;Each director shall be selected for a term of one year and until his successor is elected and qualified. &nbsp;Vacancies are filled by a majority vote of the remaining directors then in office with the successor elected for the unexpired term and until the successor is elected and qualified.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The officers and directors are as follows:</p> <p style=MARGIN:0px><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=192> <td width=14> <td width=46> <td width=14> <td width=149> <td width=14> <td width=86 /> </tr><tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Name</u></p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><u>Age</u></p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><u>Positions Held</u></p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center><u>Since</u></p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Lecia L. Walker</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>46</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">CEO/CFO/Director</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Inception</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">8201 South Santa Fe Drive</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Controller</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>to present</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">#229</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Littleton, CO 80120</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">E. Lynn Atwood</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>68</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Secretary/ Director</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Inception</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">8201 South Santa Fe Drive</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>to present</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">#229</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=192 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Littleton, CO 80120</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=46 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=149 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=14 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;Lecia L. Walker. &nbsp;Lecia L. Walker has been involved in the entertainment industry for over 27 years.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">From 2007 to present, Ms. Walker has owned and operated Original Source Music, Inc., a music library. &nbsp;&nbsp;From 2000 - 2007, Ms. Walker assisted in launching Private Wavs, a music library which licenses music to television and film. &nbsp;In preparation for the launch, she conducted the market research, product and packaging design, sales, and marketing for the entity.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">While in school, Ms. Walker was an extra in the movie, Footloose, modeled for ZCMI department stores, and performed in various community, high school, and college productions. &nbsp;From 1997 to 1998, Ms. Walker interned at KZLA radio station in Los Angeles, CA where she gained extensive understanding of all aspects of radio. &nbsp;During 1997 and 1998, Ms. Walker was a DJ for KSBR radio in Orange County, CA and created and produced her own children's radio program, Bedtime Stories with Aunt Clara while there. &nbsp;&nbsp;</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>29</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">From 1987 to 1997, Ms. Walker worked as a personal assistant for C.B. Walker, a singer/songwriter, where she learned the ins and outs of publishing and recording contracts, record sales, and top-10 radio hits in the United States and Europe.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Ms. Walker received her bachelor's degree in biology from California State University Long Beach in 1993, and her master's degree in business administration from the University of Phoenix in 2010.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Until completion of the offering, Ms. Walker will provide up to twenty hours per week depending on the needs of the registrant. &nbsp;&nbsp;Thereafter, she will be providing up to thirty hours per week to the registrant depending on the needs of the registrant. &nbsp;Such duties include planning, marketing, promotion, accounting, customer service, artist relations, and other company activities.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Management is of the opinion that the other activities of Lecia Walker in Original Source Music, Inc. will not conflict with the business activities of the registrant due to the terms of the license agreement.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;E. Lynn Atwood. &nbsp;&nbsp;E. Lynn Atwood has been an artist in business for over 50 years. &nbsp;From 2007 to present, Ms. Atwood has worked as a graphic artist for Original Source Music, Inc., a music library. &nbsp;From 2005-2007, Ms. Atwood worked as a freelance graphic artist. &nbsp;Ms. Atwood was the lead artist and part owner of Sundance Graphics in San Juan Capistrano, California. &nbsp;She designed all of the outerwear for the Southern California Volleyball Athletic Association sponsored by Reebok for four years. &nbsp;Her fabric design won first prize at the Laguna Art Festival in the '90's and was printed on over 3,000 t-shirts sold. Raisin's Bathing Suits, which sold in Hawaii and Southern California, was her client for several years. &nbsp;Ms. Atwood worked as a graphic artist and brochure designer for Bliss Studios in Jackson Hole, Wyoming from 1992 to 1993. &nbsp;Ms. Atwood also worked as a layout artist at Hallmark Cards from 1994 to 1995. &nbsp;Ms. Atwood designed all artwork for Original Source Music including the logo, stationery, business cards, marketing postcards, and CD labels.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Until completion of the offering, Ms. Atwood will provide up to two hours per week depending on the needs of the registrant. &nbsp;Thereafter, she will be providing up to thirty hours per week to the registrant depending on the needs of the registrant. &nbsp;Such duties include planning, marketing, promotion, accounting, customer service, artist relations, and other company activities.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Management is of the opinion that the other activities of E. Lynn Atwood in Original Source Music, Inc. will not conflict with the business activities of the registrant due to the terms of the license agreement.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>30</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">The above named directors will serve in their capacity as director until our next annual shareholder meeting to be held within six months of our fiscal year's close. &nbsp;Directors are elected for one-year terms.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">(b) Section 16(a) Beneficial Ownership Reporting Compliance</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Section 16(a) of the Securities Exchange Act requires Original Source's officers and directors, and persons who beneficially own more than ten (10%) percent of a class of equity securities registered pursuant to Section 12 of the Exchange Act, to file reports of ownership and changes in ownership with the Securities and Exchange Commission and the principal exchange upon which such securities are traded or quoted. Reporting Persons are also required to furnish copies of such reports filed pursuant to Section 16(a) of the Exchange Act with Original Source.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Based solely on review of the copies of such forms furnished to Original Source, Original Source's two (2) directors did not file their reports on a timely basis. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Code of Ethics</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We have not yet adopted a code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Corporate Governance</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">There have been no changes in any state law or other procedures by which security holders may recommend nominees to our board of directors. &nbsp;In addition to having no nominating committee for this purpose, we currently have no specific audit committee and no audit committee financial expert. &nbsp;Based on the fact that our current business affairs are simple, any such committees are excessive and beyond the scope of our business and needs.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 11. &nbsp;EXECUTIVE COMPENSATION</p> <p style=MARGIN:0px><br></p><a name=FIS_COMPENSATION_TABLE /> <p style="FONT-SIZE:12pt; MARGIN:0px">The following table set forth certain information as to the compensation paid to our executive officers</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>31</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p></div> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=109> <td width=41> <td width=48> <td width=48> <td width=91> <td width=68> <td width=75> <td width=56> <td width=91 /> </tr><tr> <td width=109 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=138 colspan=3 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><u>Annual Compensation</u></p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=143 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><u>Awards</u></p></td> <td width=148 colspan=2 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><u>Payouts</u></p></td></tr> <tr> <td width=109 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px><u>Name and Position</u></p></td> <td width=41 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center><u>Year</u></p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>Salary <u>($)</u></p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>Bonus <u>($)</u></p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>Other Annual Compensation <u>($)</u></p></td> <td width=68 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>Restricted Stock <u>Awards</u></p></td> <td width=75 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>Securities Underlying Options/ <u>SARS</u></p></td> <td width=56 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>LTIF Payouts <u>($)</u></p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>All Other Compensation <u>($)</u></p></td></tr> <tr> <td width=109 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Lecia L. Walker</p></td> <td width=41 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>2012</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=68 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=75 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=56 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td></tr> <tr> <td width=109 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>CEO/ CFO/</p></td> <td width=41 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>2011</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=68 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=75 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=56 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td></tr> <tr> <td width=632 colspan=9 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Director</p></td></tr> <tr> <td width=109 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=41 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=68 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=75 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=56 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style="PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=109 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>E. Lynn Atwood</p></td> <td width=41 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>2012</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=68 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=75 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=56 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td></tr> <tr> <td width=109 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Secretary/</p></td> <td width=41 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>2011</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=48 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=68 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=75 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=56 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td> <td width=91 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px align=center>-</p></td></tr> <tr> <td width=632 colspan=9 style=MARGIN-TOP:0px valign=bottom> <p style=MARGIN:0px>Director</p></td></tr></table> <div style=WIDTH:576px> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Compensation Discussion and Analysis</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We do not have any standard arrangements by which directors are compensated for any services provided as a director. &nbsp;No cash has been paid to the directors in their capacity as such.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Outstanding Equity Awards</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Our directors and officers do not have unexercised options, stock that has not vested, or equity incentive plan awards.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Options/ SAR Grants</p> <p style="FONT-SIZE:12pt; MARGIN:0px">We do not currently have a stock option plan. &nbsp;No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to any executive officer or any director since our inception; accordingly, no stock options have been granted or exercised by any of the officers or directors since inception.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Long-Term Incentive Plans and Awards</p> <p style="FONT-SIZE:12pt; MARGIN:0px">We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance. &nbsp;No individual grants or agreements regarding future payouts under non-stock price-based plans have been made to any executive officer or any director or any employee or consultant since our inception; accordingly, no future payouts under non-stock price-based plans or agreements have been granted or entered into or exercised by our officer or director or employees or consultants since inception.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>32</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The following table sets forth, as of March 18, 2013, the number and percentage of our outstanding shares of common stock owned by (i) each person known to us to beneficially own more than 5% of its outstanding common stock, (ii) each director, (iii) each named executive officer and significant employee, and (iv) all officers and directors as a group.</p> <p style=MARGIN:0px><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=202> <td width=26> <td width=86> <td width=17> <td width=86 /> </tr><tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Name and address</u></p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Amount</u></p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Percentage</u></p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Lecia L. Walker</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>3,000,000</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>59.14%</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">8201 South Santa Fe Drive</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">#229</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Littleton, CO 80120</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">E. Lynn Atwood</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>500,000</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>9.86%</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">8201 South Santa Fe Drive</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">#229</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Littleton, CO 80120</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Officers and Directors as a group (2 persons)</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>3,500,000</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>68.99%</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Linda Rock</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>500,000</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>9.86%</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">35799 Avignon Ct.</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Wincester, CA 92596</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Sheri Sabey</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>500,000</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px" align=right>9.86%</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">492 Tolland Drive</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr> <tr> <td width=202 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; MARGIN:0px">Castle Rock, CO 80108</p></td> <td width=26 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=17 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td> <td width=86 style=MARGIN-TOP:0px valign=bottom> <p style="FONT-SIZE:12pt; PADDING-BOTTOM:0px; PADDING-TOP:0px; PADDING-LEFT:0px; MARGIN:0px; PADDING-RIGHT:0px">&nbsp;</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Based upon 5,073,000 outstanding common shares as of March 18, 2013.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Lecia L. Walker and E. Lynn Atwood are not independent as such term is defined by a national securities exchange or an inter-dealer quotation system. &nbsp;During the years ended December 31, 2012 and 2011, there were no transactions with related persons.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Our administrative functions are operated from the home of our president. &nbsp;We do not pay our president for use of such space.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>33</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; PAGE-BREAK-BEFORE:always; MARGIN:0px">ITEM 14. <a name=OLE_LINK1 />PRINCIPAL ACCOUNTANT FEES AND SERVICES</p> <p style=MARGIN:0px><br></p><a name=eolPage14 /><a name=FIS_ACCOUNTANT_FEES /><a name=eolPage15 /> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Audit Fees</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The aggregate fees billed and estimated to be billed for the fiscal years ended December 31, 2012 and 2011 for professional services rendered by Ronald R. Chadwick, P.C. for the audit of the registrant's annual financial statements and review of the financial statements included in the registrant's Form 10-Q or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal years ended December 31, 2012 and 2011, were $7,500 and $7,750 respectively.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Audit related fees</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The aggregate fees billed for the fiscal years ended December 31, 2012 and 2011 for assurance and related services by Ronald R. Chadwick, P.C. that are reasonably related to the performance of the audit or review of the registrant's financial statements for that fiscal year were $0 and $0.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Tax Fees</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We did not incur any aggregate tax fees and expenses from Ronald R. Chadwick, P.C. for the 2012 and 2011 fiscal years for professional services rendered for tax compliance, tax advice, and tax planning.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>All Other Fees</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">We did not incur any other fees from Ronald R. Chadwick, P.C. for the 2012 and 2011 fiscal years.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The board of directors, acting as the Audit Committee considered whether, and determined that, the auditor's provision of non-audit services was compatible with maintaining the auditor's independence. &nbsp;All of the services described above for fiscal year 2012 were approved by the board of directors pursuant to its policies and procedures. We intend to continue using Ronald R. Chadwick, P.C. solely for audit and audit-related services, tax consultation and tax compliance services, and, as needed, for due diligence in acquisitions.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>34</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>PART IV</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">(a)(1) List of financial statements included in Part II hereof:</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Report of Independent Registered Public Accounting Firm</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=justify>Consolidated balance sheets</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=justify>Consolidated statements of operations</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=justify>Consolidated statements of stockholders&#146; equity</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=justify>Consolidated statements of cash flows</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=justify>Notes to consolidated financial statements</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">(a)(2) List of financial statement schedules included in Part IV hereof:</p> <p style="FONT-SIZE:12pt; MARGIN:0px">None.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px">The following exhibits are included herewith:</p> <p style=MARGIN:0px><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=54> <td width=468 /> </tr><tr> <td width=54 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px"><b>Exhibit No.</b></p></td> <td width=468 style="BORDER-BOTTOM:#000000 2px solid; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description</b></p></td></tr></table> <p style=MARGIN:0px><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=35> <td width=42> <td width=409> <td width=22 /> </tr><tr> <td width=35 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">31</p></td> <td width=474 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</p></td></tr> <tr> <td width=35 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">32</p></td> <td width=474 colspan=3 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</p></td></tr> <tr> <td width=78 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">101.INS*</p></td> <td width=432 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; PADDING-LEFT:0px; MARGIN:0px; TEXT-INDENT:0px">XBRL Instance Document</p></td></tr> <tr> <td width=78 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">101.SCH*</p></td> <td width=432 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">XBRL Taxonomy Extension Schema Document</p></td></tr> <tr> <td width=78 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">101.CAL*</p></td> <td width=432 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">XBRL Taxonomy Extension Calculation Linkbase Document</p></td></tr> <tr> <td width=78 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">101.DEF*</p></td> <td width=432 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">XBRL Taxonomy Extension Definition Linkbase Document</p></td></tr> <tr> <td width=78 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">101.LAB*</p></td> <td width=432 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">XBRL Taxonomy Extension Label Linkbase Document</p></td></tr> <tr> <td width=78 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">101.PRE*</p></td> <td width=432 colspan=2 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">XBRL Taxonomy Extension Presentation Linkbase Document</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">*XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections. </p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Following are a list of exhibits which we previously filed in other reports which we filed with the SEC, including the Exhibit No., description of the exhibit and the identity of the Report where the exhibit was filed.</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>35</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <table style="FONT-SIZE:10pt; MARGIN-TOP:0px" cellpadding=0 cellspacing=0> <tr style=FONT-SIZE:0px> <td width=45> <td width=278> <td width=119> <td width=121 /> </tr><tr> <td width=45 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:4.3pt; MARGIN:0px"><b>NO.</b></p></td> <td width=278 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:4.3pt; MARGIN:0px"><b>DESCRIPTION</b></p></td> <td width=119 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:4.3pt; MARGIN:0px"><b>FILED WITH</b></p></td> <td width=121 style="BORDER-BOTTOM:#000000 3px double; MARGIN-TOP:0px" valign=top> <p style="FONT-SIZE:4.3pt; MARGIN:0px"><b>DATE</b><font style=FONT-SIZE:7.2pt><b> FILED</b></font></p></td></tr> <tr> <td width=45 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">3.1</p></td> <td width=278 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">Articles of Incorporation</p></td> <td width=119 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">Form S-1</p></td> <td width=121 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">October 10, 2010</p></td></tr> <tr> <td width=45 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">3.2</p></td> <td width=278 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">Bylaws</p></td> <td width=119 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">Form S-1</p></td> <td width=121 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">October 10, 2010</p></td></tr> <tr> <td width=45 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">10</p></td> <td width=278 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">License and Assignment Agreement Dated August 21, 2009</p></td> <td width=119 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">Form S-1</p></td> <td width=121 style=MARGIN-TOP:0px valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px">October 10, 2010</p></td></tr></table> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>36</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>SIGNATURES</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">ORIGINAL SOURCE ENTERTAINMENT, INC.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">By: <u>/s/ Lecia L. Walker</u></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Lecia L. Walker</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;President</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Dated: December 23, 2013</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">By: <u>/s/ Lecia L. Walker</u></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Lecia L. Walker</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;CEO, CFO, Controller, Director</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Dated: December 23, 2013</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">By: <u>/s/ E. Lynn Atwood</u></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;E. Lynn Atwood</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Director</p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;Dated: December 23, 2013</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>37</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p></div></body><!-- EDGAR Validation Code: 0468335D -->
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<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>3
<FILENAME>ose10k12ex31.htm
<DESCRIPTION>EXHIBIT 31
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<head><title>302 CERTIFICATION</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:Times New Roman; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:576px> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>302 CERTIFICATION</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">I, Lecia Walker, certify that:</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this annual report on Form 10-K of Original Source Entertainment, Inc.;</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) &nbsp;Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) &nbsp;Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) &nbsp;Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report, our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) &nbsp;Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal quarter in case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Date: December 23, 2013</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>/s/Lecia L. Walker</u></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Lecia L. Walker</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Chief Executive Officer</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Chief Financial Officer</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p></div></body><!-- EDGAR Validation Code: 9E8D6898 -->
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<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>ose10k12ex32.htm
<DESCRIPTION>EXHIBIT 32
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<head><title>906 Certification</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:Times New Roman; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:640px> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px" align=center>CERTIFICATION PURSUANT TO</p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px" align=center>18 U.S.C. SECTION 1350</p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px" align=center>AS ADOPTED PURSUANT TO</p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px" align=center>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px">In connection with the Annual Report of Original Source Entertainment, Inc. (the "Company") on Form 10-K for the year ended December 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Lecia L. Walker, Chief Executive Officer and Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px"><u>/s/Lecia L. Walker</u></p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px">Lecia L. Walker</p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px">Chief Executive Officer</p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px">Chief Financial Officer</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; PADDING-RIGHT:64px">December 23, 2013</p> <p style=MARGIN:0px><br><br></p></div></body><!-- EDGAR Validation Code: 22FDE225 -->
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<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>5
<FILENAME>filename5.htm
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<head><title>Response letter</title> </head> <body style="FONT-SIZE:10pt; FONT-FAMILY:Times New Roman; COLOR:#000000; MARGIN-TOP:0px"> <div style=WIDTH:576px> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Original Source Entertainment, Inc.</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>8201 South Santa Fe Drive #229</p> <p style="FONT-SIZE:12pt; MARGIN:0px" align=center>Littleton, CO 80120</p> <p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Securities and Exchange Commission</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Washington, D.C. 20549</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">December 23, 2013</p> <p style=MARGIN:0px><br></p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:96px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:48px">Re:</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:-2px">Original Source Entertainment, Inc.</p> <p style="FONT-SIZE:12pt; CLEAR:left; MARGIN:0px; TEXT-INDENT:96px">Form 10-K for the Fiscal Year Ended December 31, 2012</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:96px">Filed April 11, 2013</p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:96px">File No. 000-54716</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Form 10-K for the Fiscal Year Ended December 31, 2012</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Item 9.A Controls and Procedures, page 26</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">1. We note that you provide management&#146;s conclusion regarding the effectiveness of the company&#146;s disclosure controls and procedures; however, you do not provide management&#146;s annual report on internal control over financial reporting. Please amend your Form 10-K to include management&#146;s report on internal control over financial reporting. Please refer to Item 308(a) of Regulation S-K.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px"><i>The disclosure has been revised to provide the management&#146;s annual report over financial reporting.</i></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>Changes in Internal Control Over Financial Reporting, page 25</u></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">2. We note your disclosure during the year ended December 31, 2012, there were no changes in your internal controls over financial reporting that have materially affected, or are reasonably likely to materially affect, your internal control over financial reporting. Please revise to disclose whether there were any changes in internal control over financial reporting that occurred during the company's last fiscal quarter (the fourth fiscal quarter in the case of the annual report) that materially affected, or is reasonably likely to materially affect, the company&#146;s internal control over financial reporting. Refer to Item 308(c) of Regulation S-K.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; TEXT-INDENT:48px"><i>The disclosure has been revised to provide a discussion regarding any changes in the internal control over financial reporting during the company&#146;s last fiscal quarter that materially affected the company&#146;s internal control over financial reporting.</i></p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">The company acknowledges that:</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:28px; FLOAT:left; MARGIN-TOP:0px; TEXT-INDENT:4px">-</p> <p style="FONT-SIZE:12pt; PADDING-LEFT:28px; MARGIN:0px; TEXT-INDENT:-2px">The company is responsible for the adequacy and accuracy of the disclosure in the filing;</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:28px; FLOAT:left; CLEAR:left; MARGIN-TOP:0px; TEXT-INDENT:4px">-</p> <p style="FONT-SIZE:12pt; PADDING-LEFT:28px; MARGIN:0px; TEXT-INDENT:-2px">Staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and</p> <p style="MARGIN-BOTTOM:-2px; FONT-SIZE:12pt; WIDTH:28px; FLOAT:left; CLEAR:left; MARGIN-TOP:0px; TEXT-INDENT:4px">-</p> <p style="FONT-SIZE:12pt; PADDING-LEFT:28px; MARGIN:0px; TEXT-INDENT:-2px">The company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.</p> <p style="CLEAR:left; MARGIN:0px"><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">I appreciate your assistance in the review of our registration statement to ensure that we have provided all relevant information to prospective investors and have complied with all of the disclosure requirements of the Securities Act. &nbsp;Please advise if you have further comments or questions.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Original Source Entertainment, Inc.</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px"><u>/s/Lecia Walker</u></p> <p style="FONT-SIZE:12pt; MARGIN:0px">Lecia Walker</p> <p style="FONT-SIZE:12pt; MARGIN:0px">Chief Executive Officer</p> <p style=MARGIN:0px><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px">December 23, 2013</p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br><br></p></div></body>
<!-- EDGAR Validation Code: D48112E4 -->
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